With trillions of dollars under management, institutional investors play a pivotal role in enabling the climate crisis by financing fossil fuels and industrial agricultural commodities. These industries and their value chains are responsible for increasing greenhouse gas emissions, widespread environmental destruction, and gross human rights abuses. Increasingly, activists, shareholder advocates, and policymakers are seeking to stop the pipeline of money flowing to the companies and industries most responsible for the climate crisis. The role of large asset managers such as BlackRock, Vanguard, and State Street in bankrolling the climate emergency has rightly made them targets of aggressive campaigns demanding they divest from fossil fuels, defund deforestation, and respect the rights of Indigenous Peoples and local communities.
By Transnational Institute. March 3, 2022.
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